MicroStrategy Stock Jumps as Bitcoin Trades Near $100K

KEY TAKEAWAYSShares in MicroStrategy, the largest corporate holder of Bitcoin, are jumping Monday in premarket trading, as the cryptocurrency trades near the $100,000 mark for the first time.MicroStrategy ramped up acquisitions of the token this year—especially following Donald Trump’s November 5 election victory—as investors bet on a crypto-friendly administration and Congress. As of Nov. 17, MicroStrategy held 331,200 bitcoin. Shares in MicroStrategy (MSTR), the largest corporate holder of Bitcoin (BTCUSD ...